• More than 5,900 projects, 10,500 account holders, 1.4 billion credits and 125,000 documents have been migrated to the new registry.
• The platform connects directly with the Verra Project Hub, creating one workflow from project listing through credit issuance, transfer and retirement.
• Future updates are expected to add Article 6 functionality, API services and deeper links with exchanges, brokers and marketplaces.

Verra has launched a new carbon credit registry powered by S&P Global Energy, replacing fragmented project and transaction workflows with a single platform designed for a larger and more interconnected carbon market.

The upgrade covers more than 5,900 projects across Verra’s pipeline, from draft projects through to registered activities. It also includes 10,500 account holders, 1.4 billion credits and about 125,000 documents.

For carbon market participants, the shift is primarily an infrastructure change. Verra is seeking to reduce administrative friction while preparing its systems for greater transaction volumes, stronger market connectivity and evolving international carbon accounting requirements.

One workflow from project listing to retirement

The new Verra Registry integrates with the Verra Project Hub. Users can now follow a project from its initial pipeline listing through validation, issuance, transfer and retirement within a connected workflow.

Previously, participants often had to move between separate systems to manage different stages of the process.

The redesign is intended to simplify that experience while providing the technical base for future market functions.

“With today’s launch, we’re continuing to develop the infrastructure the carbon markets will need at scale, not just the infrastructure it needs today. We built this registry with S&P Global Energy as a foundation that we can keep expanding on. Over the next several phases, we will see things like transaction-ready API connectivity and deeper integration with exchanges, brokers, and marketplaces, so credits can move with the same speed and reliability the rest of this market now expects.”- Mandy Rambharos, CEO, Verra

That expansion could become increasingly important as voluntary carbon markets interact more closely with corporate procurement systems, trading platforms and government-backed carbon mechanisms.

S&P Global Energy provides registry technology

Verra announced its partnership with S&P Global Energy last year. The organizations have since worked on migrating Verra’s existing project, account, credit and document records onto the new infrastructure.

The registry uses technology from the S&P Global Energy Environmental Registry, with an emphasis on scalable workflows and a redesigned interface.

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As noted in June, Leanne Todd, head of horizons, S&P Global Energy, said, “By bringing this technology online, we are equipping market participants with the advanced workflows and new user interface of the S&P Global Energy Environmental Registry that simplifies the user experience. These workflows allow for a flexible and scalable system to meet the changing needs of the market as it grows.”

Verra said the migration does not change its core fees or account requirements. Existing account holders will retain their project data and credit histories.

The organization has also provided transition guidance, demonstrations and training materials. Stakeholder support will remain available for account holders during the early stages of the rollout.

Article 6 functionality is next

Future updates are expected to add enhanced functionality related to Article 6 of the Paris Agreement, alongside data API services.

Article 6 is becoming a central infrastructure issue for carbon markets because it establishes routes for countries to cooperate on emissions reductions and transfer mitigation outcomes internationally. Registry systems will need to support increasingly detailed authorization, tracking and accounting requirements as those mechanisms develop.

API connectivity could also improve how carbon credit data moves between registries and external platforms. Verra expects later phases to support closer integration with exchanges, brokers and marketplaces.

For companies and investors, that could reduce operational barriers to sourcing, managing and retiring credits. It may also make registry data easier to integrate into internal carbon accounting and procurement systems.

The launch comes as carbon market operators face pressure to improve transparency, traceability and market infrastructure. As voluntary and Paris Agreement-aligned markets become more closely connected, registry architecture will play a larger role in determining whether credits can be tracked reliably across jurisdictions and trading systems.

Verra’s new platform therefore extends beyond a user-interface upgrade. It provides the organization with infrastructure intended to support a carbon market that is becoming more digital, interconnected and increasingly shaped by international climate policy.